The US Dollar has surged to a one-year high, driven by the momentum following Donald Trump's presidential victory and his policies. The Bloomberg Dollar Spot Index has risen to its strongest level since 2022, with the Dollar Index hitting 106.54, its highest since November 2023. The Euro has fallen to its weakest level in a year against the dollar, down 0.56% to $1.05965. The Japanese Yen has also weakened, reaching its lowest level since July at 156 per dollar, raising concerns about potential intervention by Japan. Additionally, the Canadian dollar has hit a 4-1/2-year low near 1.40 per US dollar. The yield on the 10-year US Treasury note climbed to 4.486%.
US Dollar Index zooms to near 107 52wk high https://t.co/ovOxOHBOYu
Dollar holds firm at one-year high on Trump trade momentum - Reuters https://t.co/COuW69JxEO
Weekly look at the US Dollar Index $DXY trading through 107 in early trade to trade at the highest level since Oct 2023. #Macro 🇺🇸 https://t.co/iecwsAJ0sT